User uShare Login | Register
Login
Register

Along with posting photos, videos, and stories, your uShare account lets you post Classified Ads, recipes on What's For Dinner, and Announcements.


30° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

Share your Photos, Videos, and Stories on uShare! Click here to get started.

News

[0] My Saved Articles
Back to all news

Business

Find local businesses
on the KELO Pages!

 

Sioux Falls Man Starts Bitcoin Mining Business

February 21, 2014, 12:03 PM by Hailey Higgins

Sioux Falls Man Starts Bitcoin Mining Business
SIOUX FALLS, SD -

Bitcoin, a digital currency, is quickly gaining steam as the next major contender in the global economy.  A Sioux Falls man is earning a living "mining" the cryptocurrency.

Twenty-three-year-old Ian Dixon became intrigued with Bitcoin in 2011 and just recently decided to pursue mining fulltime with his business, WeMineCoins.

In the somewhat mysterious digital currency, Bitcoin miners use special software to solve math problems and are issued a certain number of Bitcoins in exchange.  With paper money, a government decides when to print and distribute the money but because Bitcoin doesn't have a central government, miners can essentially mint the currency themselves.

Right now, a Bitcoin is worth about $600. But the value is fluctuating wildly.  A rush of investors in December pushed the currency to $1,000. 

Hear from Dixon about his Bitcoin mining business tonight on KELOLAND News.

Previous Story

Next Story




 
Find Local Businesses on KELO Pages!

View business

You may also like

Large Security Threat On Internet

4/10/2014 6:00 PM

It's already being called one of the biggest security threats the Internet has ever seen.

Full Story | Watch
Titan Machinery To Close Eight Stores Across U.S.

4/11/2014 6:22 AM

The company based in West Fargo, N.D., on Thursday cited a slow recovery in construction sector among the reasons for the move, which will leave 128 p...

Full Story
Heartbleed Bug Causes Major Security Headache

4/10/2014 9:33 AM

A confounding computer bug called "Heartbleed" is causing major security headaches across the Internet.

Full Story
Family Dollar To Cut Jobs, Close About 370 Stores

4/11/2014 5:44 AM

Family Dollar says it will be cutting jobs and closing about 370 underperforming stores as it looks for ways to improve its financial performance. It ...

Full Story
Key Unlocks Gas Pumps For ID Thieves

4/14/2014 10:10 PM

Drivers who've fueled up in Rapid City are being warned that their debit and credit card numbers may have been stolen after "numerous" s...

Full Story | Watch


Events

 
 
KELOLAND TV: 501 S. Phillips Avenue, Sioux Falls, SD 57104
Phone: 605.336.1100 · Breaking News call: 1-800-888-5356
Web Site Design and Custom Programming By: Lawrence & Schiller© 2014 KELO-TV -- KELOLAND.COM -- ALL RIGHTS RESERVED